helin16

helin16 started the topic Buying a carpark. in the forum Commercial Property 9 years, 7 months ago

I have come across the sale of car parking spots in Melbourne for $37,000 which offer a 7.5% NET. locked in for 3 years.

Has anyone ventured in the car parking spots? if so, what do you need to look out for? is it a wise investment? what is the capital growth like (as the net return sounds quite good)?

Do you really owns that property? is there…[Read more]

helin16 replied to the topic Need a good accountant in the forum Legal & Accounting 11 years, 10 months ago

Thanks Jamie!

I am in Eastern Metro of Melbourne

helin16 replied to the topic TRUSTS??? in the forum Legal & Accounting 12 years, 6 months ago

Thanks a lot for the prompt reply, Terry!

Frankly, I really don’t know why I wanted a trust. It was just my accountant suggesting to me about this, saying it could protect myself and my family assets as such, because I have one child, I could pass my assets to her so and so.

So far, I am trying to buy and hold positive geared properties and…[Read more]

helin16 replied to the topic TRUSTS??? in the forum Legal & Accounting 12 years, 6 months ago

Same here! I've been suggested to setup a family trust(as I have one child) by my accountant.I've asked around and did some research on the net, it all seems to be a bit confusing for me. There seems to be a few types of trusts around:Family TrustDiscretionary TrustsDiscretionary Family Trust?????Unit trustsHybrid TrustsI've a couple of negative…[Read more]

helin16 replied to the topic Property Investors Trust in the forum Legal & Accounting 14 years, 4 months ago

Thanks a lot!what's the difference between PIT and family trust? as a unit trust, won't that be harder to sale or buy any units, comparied to family trust?Cheers!

helin16 replied to the topic section 15/15 ? in the forum Legal & Accounting 15 years, 4 months ago

thanks a lot, mate!the explanation is loud and clear!Cheers!